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Is the silver bounce just bait to lure longs? $XAG /USDT 4-hour signal has flipped to SHORT.
$XAG /USDT - Short SHORT
Trading plan:
Entry: 57.57 – 57.77
SL: 58.67
TP1: 56.92
TP2: 56.42
TP3: 55.66
Why focus on this structure?
- RSI on the 15-minute chart is 40.07, near oversold but not reversed; bearish momentum still dominates
- 4-hour EMA pushing down; intraday trend is bearish. TP1 at 56.92, TP2 at 56.42
- Why now? 1-hour RSI is 57.66; rebound strength is weakening, suitable for shorting after the bounce
Discussion:
Will this move reach TP2 first, or is it a bull trap?